Zanzibar President and Chairman of the Revolutionary Council, Hussein Ali Mwinyi, has held talks with senior leadership of Ecobank, focusing on strengthening financial cooperation and expanding investment opportunities in the Isles.
The meeting took place on April 15, 2026, at Ikulu Zanzibar, where President Mwinyi met a delegation led by Mr. Michael Larbie, Chief Executive Officer for Business and Investment Banking at Ecobank’s headquarters in Togo, alongside Ecobank Tanzania CEO, Mr. Charles Asiedu.
President Mwinyi expressed appreciation for Ecobank’s continued partnership with the Zanzibar government, noting its role in supporting economic development initiatives.
He reaffirmed the government’s commitment to working closely with financial institutions in driving growth and attracting investment.
He also outlined key investment priorities, including port development, transport infrastructure, and the blue economy, stressing that these sectors remain central to Zanzibar’s long-term economic transformation agenda.
According to him, Zanzibar is actively improving its investment environment to encourage both regional and international investors.
On his part, Mr. Larbie commended Zanzibar’s development direction and reaffirmed Ecobank’s commitment to deepening financial and trade linkages across Africa.
He said the bank will continue to support cross-border trade and private sector growth through its Pan-African Partnership strategy, which aims to connect markets and businesses across the continent.
Mr. Asiedu added that Ecobank Tanzania remains committed to supporting Zanzibar’s economic priorities, particularly in expanding access to financial services and facilitating investment flows into key productive sectors.
The discussions reflect growing cooperation between Zanzibar and regional financial institutions as the government continues to position the Isles as a competitive investment destination in East Africa.
